Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
SC dismissed the appeal, upholding the adjudicatory tribunal's finding that the broker breached his duty to exercise due skill, care and diligence and contravened clause A(2) of the Code of Conduct in Schedule II read with Regulation 7 of the SEBI Regulations, 1992 by executing synchronized and self-trades. The tribunal's imposition of monetary penalty under Section 15HB of the SEBI Act was affirmed as proportionate and warranted given the straightforward market-manipulative nature of self-trades and the regulatory obligation on brokers to monitor client activity on internet-based trading platforms. The Court held no substantial question of law under Section 15Z was involved, and therefore dismissed the appeal.
SC dismissed the appeal, upholding the adjudicatory tribunal's finding that the broker breached his duty to exercise due skill, care and diligence and contravened clause A(2) of the Code of Conduct in Schedule II read with Regulation 7 of the SEBI Regulations, 1992 by executing synchronized and self-trades. The tribunal's imposition of monetary penalty under Section 15HB of the SEBI Act was affirmed as proportionate and warranted given the straightforward market-manipulative nature of self-trades and the regulatory obligation on brokers to monitor client activity on internet-based trading platforms. The Court held no substantial question of law under Section 15Z was involved, and therefore dismissed the appeal.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
